ELEK (Elektros) Earnings Yield (Joel Greenblatt) % : 2.92% (As of Nov. 2018)

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What is Elektros Earnings Yield (Joel Greenblatt) %?

Elektros's Enterprise Value for the quarter that ended in Nov. 2018 was $220.15 Mil. Elektros's EBIT for the trailing twelve months (TTM) ended in Nov. 2018 was $6.44 Mil. Elektros's Earnings Yield (Joel Greenblatt) for the quarter that ended in Nov. 2018 was 2.92%.

The historical rank and industry rank for Elektros's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

ELEK' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0 Med: 0 Max: 243.9
Current: 200

During the past 7 years, the highest Earnings Yield (Joel Greenblatt) of Elektros was 243.90%. The lowest was 0.00%. And the median was 0.00%.

ELEK's Earnings Yield (Joel Greenblatt) % is not ranked
in the Vehicles & Parts industry.
Industry Median: 6.045 vs ELEK: 200.00

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Elektros's Forward Rate of Return (Yacktman) % for the quarter that ended in Nov. 2018 was 16.68%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.

Elektros Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Elektros's Earnings Yield (Joel Greenblatt) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Elektros Earnings Yield (Joel Greenblatt) % Chart

Elektros Annual Data

Trend

Apr12

May13

May14

May15

May16

May17

May18

Earnings Yield (Joel Greenblatt) %

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2.10

3.00

3.23

2.91

2.56

Elektros Quarterly Data
	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															2.65	2.41	2.56	2.74	2.92

Competitive Comparison of Elektros's Earnings Yield (Joel Greenblatt) %

For the Auto Manufacturers subindustry, Elektros's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Elektros's Earnings Yield (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Elektros's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Elektros's Earnings Yield (Joel Greenblatt) % falls into.

Elektros Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

Elektross Earnings Yield (Joel Greenblatt) for the fiscal year that ended in May. 2018 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	5.532	/	226.15715
	=	2.45 %

Elektros's EBIT for the trailing twelve months (TTM) ended in Nov. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.44 Mil.

Elektros (OTCPK:ELEK) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.

Be Aware

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

Elektros Earnings Yield (Joel Greenblatt) % Related Terms

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